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Elysian (ELY), High Volatility and Falling Thursday: Is it Time to Cash Out?

Thursday, February 03, 2022 07:56 AM | InvestorsObserver Analysts
Elysian (ELY), High Volatility and Falling Thursday: Is it Time to Cash Out?

Elysian (ELY) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has declined 50.55% to $0.0009356195749.

volatility - 87
InvestorsObserver is giving Elysian a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on Elysian!

Highly Volatile

InvestorsObserver gives Elysian a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. ELY's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Elysian price is favorably positioned going forward. With support around $0.000420563553396815 and resistance near $0.00137468973587474. This leaves Elysian with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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